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Search Results 0 to 49 of about 50 (some duplicates have been removed)
, and profits were down 12% on a year ago. >> now gm is blaming its performance in europe for those results. it is planning to cut 2600 jobs to try to jumpstart its performance here. workers at opel, gm's german subsidiary, could be the first to go. >> opel's plant employs about five dozen people, and all of them could soon be out of a job. the assembly line produces the opel safira, which will go out of production opel in 2016 production -- out of production in 2016. opel lost just under 200 million euros in the first quarter of 2012. the downhill slide continued in the second quarter. in the third quarter, opel fell short by almost 370 million euros. industry analysts think gm could soon put its foot on the break. opel is a big obstacle to their plans to roar back. >> good news for germany -- projections said the company will collect its highest tax revenues ever this year. the federal government as well as states and municipalities are said to take in a total of 602.4 billion euros, which beats earlier projections by almost 6 billion euros. the government says it will come close to balan
in europe. ford and gm reported better-than-expected profits this week as north american sales helped boost revenue while european demand dropped. gm is looking to save $500 million in the next couple years as it restructures in that region. the automaker says it has cut 2,300 jobs in europe and wants to cut 300 more. ford is also restructuring by eliminating 5,700 workers in the uk and europe. "europe has been on the brink for awhile now. but it doesn't seem to be really impacting u.s. sales and north america remains a very profitable wing for most of these automakers worldwide. so europe is slumping and slowly but surely automakers are starting to remove capacity from that region and that should help them deal with it in the long run." that was kelsey may of cars.com. ford and gm both expect to lose money in the eurozone. ford sees losses topping $1 billion. gm says it could lose as much as $1.8 billion. 18.5 million. that's the number of europeans who are currently unemployed. the region's jobless rate hit an all-time high in september of 11.6%. 146,000 people lost their jobs in the last
. the other utilities have really run. wow, here is a controversial one. gm stock has been climbing, not today, but i think it's in part because of the chinese cold war with japan. the chinese are staying away from japanese cars, especially toyota, i want to know if they are buying gm cars, could get the stock moving. in china. this is really -- this is maybe the most right now. obama/romney stock away from the business and obama's people, made it clear they won't sell the remaining stake in gm. tim massen said the same thing, and the disposal agent. romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty by near situation. you will get results from ralph lauren. will they be the next company that we thought was doing well and europe slowed? the stock went down 13 points, but that won't be enough. anything negative at all on the call, ralph lauren trades hard, up and down on very little volume. please be careful. there are huge numbers reporting, companies reporting on thursday, including exon. i think that will be just fine, by the way. i want to h
should get behind the stock. the other utilities have really run. wow, here is a controversial one. gm stock has been climbing, not today, but i think it's in part because of the chinese cold war with japan. the chinese are staying away from japanese cars, especially toyota, i want to know if they are buying gm cars, could get the stock moving. in china. this is really -- this is maybe the most right now. obama/romney stock away from the business and obama's people, made it clear they won't sell the remaining stake in gm. tim massen said the same thing, the disposal agent. romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty binary situation. you will get results from ralph lauren. will they be the next company that we thought was doing well and europe slowed? the stock went down 13 points, but that won't be enough. anything negative at all on the call, ralph lauren trades hard, up and down on very little volume. please be careful. there are huge numbers reporting, companies reporting on thursday, including exxon. i think that will be jus
quarter in the u.s., and it lost money in europe. the bottom line for g.m. in the third quarter was stronger than ancipated. earnings per share totaled 93 cents, well above the 60 cents per shares expected. g.m. returned to profitability in south america and china profit jumped 10%. shares jumped 9.5% as volume tripled. g.m. hopes to stop losing money in europe by the middle of the decade. yesterday, ford told us it expects its european business to begin turning around in about a year. today, ford shares were also on the move after its strong earnings report during the market closure. ford rallied 8.2%. over $11 per share for the first time since may. some merger action in the clothes and fashion industry hit the tape with p.v.h. buying warnaco group, that's the company licensing calvin klein, speedo and other brands. warncstock shot up almost 39%. the dl tols $2.8 llion in cash and stock. the buyer, p.v.h., rose 20% as a big sign of market confidence in the deal. and u.s. vitamin maker schiff nutrition has agreed to be bought by bayer, pushing schiff stock up 46%. the five most
about the other day. >> some gm numbers are expected in about an hour. gm is expected to earn 60 cents a share on revenue of $35.7 billion. gm, don't they have loss -- i mean, if they can't make money at this point, they ought to be able to because i don't think they have to pay taxes again. that's another way we sort of don't get our money out of gm. now we'll be watching facebook. about 230 million shares held by ples became employees became eligible for sale on sunday. >>> equity trading will try to get back to normal today after superstorm sandy forced the new york stock exchange and the nasdaq to wait out the storm and stay close from the last two days. if investors areomin back today, they may be wondering whether there's going to be extra volatility. ira harris joins us right now from the cme group in chicago. what's the sense you get? i've actually been surprised by how orderly all of this has been to date. >> it has been orderly, but i think that's because we've been taking our reads off of the european markets, which have held up pretty well. better than well. and where we ar
for gm. we used to say as gm goes, so goes janesville. we lost our plant. a lot of my friends from high school thought they could make a living for their families, they lost that. that livelihood is gone. i have a buddy that went from $25 an hour down to $9 an hour without benefits. we have got to help these people who are stuck in between, who are in the middle of their earning years when they are supposed to be building for their family, saving for their family, putting themselves on the path of pursuing their version of happiness, making the american dream realized for themselves and their kids. we have 46 job-training programs coming out of washington, spread across seven agencies. it is nothing but bureaucracy. the bureaucrats of the way, give people the ability to take this and get people the skills they need so they can get the jobs they want in the 21st century and have themselves back on the path to prosperity. [applause] it is so essential. open up energy, get people the skills they need, and it just like a case of common sense, we have to stop spending money we do not have. w
of the month. sales at g.m. rose almost 5% on strength in its cadillac and buick brands. at ford, sales barely budged, up just four tenths of a percent. the auto maker believes the massive storm cost the industry as many as 25,000 sales in the last three days of the month. chrysler was up 10%, led by its ram pickup truck. toyota's sales were up 16%, while honda gained about half that. also from ford today, some management news that looks like a succession plan. mark fields was tapped to be chief operating officer, a move seen as steering him to eventually take the wheel from ford c.e.o. alan mulally. diane eastabrook reports. >> reporter: as chief operating officer, 51-year-old mark fields will run the day-to-day operations at ford, and will also be in charge of weekly business review meetings. 67-year-old alan mulally will remain c.e.o. through 2014, focusing on global products and the long-term strategy of the company. fields, a 23-year ford veteran, was handpicked by chairman bill ford seven years ago to run the company's north american operations. he's overseen successful product launches,
decline. they're talking about this cold war between japan and china. gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that they have always had huge cash awards. >> the announcement is out, they have promoted a number, a series of people. joe henriks, president of the americas, even know dell, most, a number of different things including the promotion of fields. >> asia, africa is the rangernd a the ranger is selling very well. >> it's a big story, you got it here first. >> all right, a lot of people did. of course not the only story out this morning. if you do want to get the latest out of the recovery, sandy, remain without power in the storm region. some
. executives from chrysler and gm came down hard on the romney campaign for it, calling it the most cynical kind of campaign politics n that area and every area here matters, you can tell that particular campaign gamut backfired. >> but mitt romney is still kpetive in ohio. >> this is a mainstream republican state. there is a reason no republicans won the white house not winning ohio. there is a deep republican tradition in this state. the fact that it's an obama fire wall is what is remarkable. this is a state that mitt romney could do well. he should do well. running the obama's campaign core strategy appealing to middle class voters, working class whites in this state makes a big difference when it comes to ground game and that critical early voting. mitt romney has had a real problem connecting to those folks. >> who is he leading with in ohio? >> president obama is leading with women. he's leading with centrist business 0 points. losing independents by two points. losing white men by a considerable margin. leading with folks who make undered 50 e$50,000 a year. so the national themes a
also have kay shiller coming in with home prices at the highest level since september 2010. ford and gm beat. in terms of pent-up demand, the vibe is higher. to your point on whether trading will resume normally, i talked to traders yesterday. they said it could be dipping your toe in the water meaning volume is light in the beginning to see how things actually go to make sure the connections are there. we'll see if it goes as well as they predicted. >> this is one of those days where i sure hope it goes well because we've had lots of smooth days where there's no power outages that turned into a fiasco. >> true enough. >> i want to keep fingers crossed. >> it's not just about what happens in this building. goldman sachs has generator moving on power. not every bank has every office open today. tough to get around the city right now. >> tough to get around the city. tough to get employees for many of these banks to where they need to be. a number of them -- many of them are working remotely. as you say, everybody is trying to be fully open for business. i have made a handful of calls thi
romney wrote that op ed that said the gm should go through a managed bankruptcy, which they did which the president says that's essentially what car industry. mr. attorney general. >> what is that related to? >> what. >> a deal that went down before the storm ever happened. if bloomberg gets this date, you're going to come out and endorse president obama and then tie it to climate change, they have to go through this. that was a back door deal because no one in their right mind would go out yesterday and say i'm endorseing president obama because of his climate change stance. that's crazy town. >> thethe number one good thing about voting early, ladies and gentlemen. >> honestly, don't you want this election over with already. >> eliot: i think the vice president got it right with that last one. more with mon current tv encourages you to vote on november 6th but just as importantly to take the time to learn about each candidate's stance on the issues that matter to you. to help you make informed decisions, watch current tv's politically direct lineup. only on current tv. vote smart. o
about that and gm today. nicole: the play-by-play, the best decision of all for everybody but we are talking about ford and gm, up arrows today and 6.5%, general motors trading upwards of 7% and both of these coming out. board yesterday and today general motors beat the street. they could see weakness in europe but this does not come as a surprise. the u.s. automakers are having a nice showing on this first day of trading. certainly a monumental opening after being closed for two days and many of these have no self service or internet service but nyse systems able to trade electronically and full force smooth opening for the new york stock exchange. when i talked with duncan neiderauer and he talked about electronic opening the truth is these big companies, goldman sachs and j. p. morgan would have to bring in someone somewhere even if we were trading electronically and just for keeping people lot of harm's way is what he meant when he talked about it being irresponsible to open any earlier than today. the pricing and trading done well but you need some human electronic trading w
't a game. these are people's jobs at stake. these are people's lives. companies like g.m. and chrysler, they put a lot of time and effort and money into building up their brand and letting americans know that the american auto industry is back. and we don't want suddenly a bunch of ads saying stuff that's not true. you don't scare hard working americans just to scare up some votes. you know i tell the truth. and you know i fight for working families every single day as hard as i know how. >> president obama concluded his speech this way. >> and that's why i need you, ohio. to make sure that no matter who you are or what you look like or where you come from, what your last night is, where you started, no matter what, you can make it in america if you try. that's why i'm asking for your vote and if you're willing to work with me and knock on some doors with me and make some phone calls with me and turn out to the polls with me. we'll win this election. we'll win ohio. >> new polls show president obama polling ahead of mitt romney among likely voters in the battleground states of virginia
took gm into bankruptcy and sold chrysler to italian who is are going to build jeeps in china. >> of course it turns out it's not true. the company ceo told governor romney himself knock it off. >> reporter: the squabble over that spot has made headlines here in ohio, the obama campaign hit back on air. >> politics at its cynical worst. >> reporter: on a stump the president is casting it as part of a larger message. >> massaging the facts when they're inconvenient to your campaign, that's definitely not change. that's the oldest trick in the book. yeah. that's what governor romney's been doing these last few weeks. and i know what real change looks like because i've fought for it. right along side you. and after all we've been through together, we sure can't give up now. >> report from cnn's jessica yellin. she's with the president in lima, ohio, right now. we'll speak with her later. we have reporters all over the country right now getting ready for tuesday's election. they're in all the key battleground states. much more coming up from all of these reporters. meanwhile, the
romney this week. he's gotten himself into a battle with gm and chrysler. he said that chrysler is going to shut down jeep production in the state of ohio and scared a bunch of workers in the region. the auto companies have made clear that's absolutely not true. i think we've seen a little bit of desperation in his closing message. >> and we have seen a slight swing for the president in our new swing state polls. i'm sure you saw what karl rove wrote today. in the last days of the presidential race, he says they favor mitt romney. the democrats are making a mistake because they're counting on inconsistent voters who may well not turn out. could turn out be the difference in this election? does karl rove have a point? >> well, i think turnout will make the difference in this election. republicans are betting on the fact that our coalition won't show up at the polls. if you look into those early vote numbers, they already have. we have a 60,000 vote lead in the state of iowa. across the country, it's a very diverse electorate so far. there are a lot of young people voting. there are a lot
's getting a lot of criticism from many different kinds of entities. first, listen. >> obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> really? after all that federal bailout money, it's china that will get all the jobs? right away, the white house unleashed its attack dogs. >> they're running the most scurrilous ad in ohio. they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says. that's what the ad said. it's an outrageous lie. >> don avalon is a cnn contributor who also serves as a senior political columnist for "ne "newsweek" and the daily beast. joining from us youngstown, ohio. i know you've done a lot of reporting on this issue. is the ad inaccurate? >> reporter: the ad is inaccurate, but it really is resonating here in ohio, and not in a good way for the romney campaign. a lot of voters i've spoken to, they've heard about the ad, they've seen it and understand it's an attempt to muddy the waters and
for gm in that town. we said as gm goes, so goes janesville. we lost our plant and a lot of friends i grew up with who worked at that plant who thought they could get a good job like their folks did and make a good living for their families lost that. and that livelihood is gone, i have a buddy that went from $25 an hour down to $9 an hour without benefits. we have got to help these people who are stuck in between, who are in the midst he will of their earning -- middle of their earning years, when they're supposed to be building for their family, saving for their family, putting themselves on the path of pursuing their idea of happiness, making the american dream realized for themselves and their kids. we have 46 different job training programs coming out of washington, spread across seven different agencies and it's nothing but bureaucracy. get the bureaucrats out of the way, give people like john casey the ability to take this and get people the skills they need so they can get the jobs they want in the 21st century and have themselves back on the path to prosperity. it is so essen
in china, which a later romney ad accurately repeated. listen. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> reporter: but democrats cried foul and even fact checkers said while it was technically accurate, it was misleading. that prompted angry accusations from everyone up to and including president obama, as you mentioned earlier. listen. >> you've got folks who work at the jeep plant who have been calling their employers, worried, asking, is it true, are our jobs being shipped to china? and the reason they are making these calls is because governor romney has been running an ad that says so. except it's not true. >> reporter: nevertheless the head of fiat-chrysler confirmed exactly what the romney ad said that the company had intended to return jeep production to china, the world's largest automarket in order to satisfy local market demand. the controversy of course is touchy because getting bailed out by american tax dollars a company was deciding to crea
credit for the survival of gm and chrysler. >> i understand governor romney has time in ohio because he was against it in the auto industry and hard to run away from that position when you're on videotape saying the words let detroit go bankrupt. dennis: geometrics or went bankrupt a merge with help in federal financing. governor romney's plan would government providing guarantees for post-bank of the financing. meanwhile in wisconsin governor romney hit his campaign closing argument. >> he is so sure of that he has one big plan for the next four years. he wants to take all the ideas from the first term, the stimulus, the borrowing, obamacare, all the rest and do it all over again. that idea can be boiled down to four words, more of the same. dennis: president obama spends all day in the buckeye state. back to you. cheryl: more breaking news continuing into fox business. fema now arriving in staten island. let's go back to the latest there. cheryl: this is national guard distributing supplies to people who need party, and they set this up about 10 minutes ago. the bunch of people taking
highlights that you would pick out the gm in this last month? >> we're pretty positive this month. ashley: the sales are up .4%. the estimate was up 3.5%. they have the ford fusion coming out, the chevy still coming out. it could be a point in which not all the vehicles are out yet, but along those lines, things will be better and we know down the road whether there really is a problem or not. ashley: speaking with forbes management team. the ceo at lease through 2014, but it appears that the head of ford america says things are looking good three a lot of people are saying the same. certainly over the past few two years, it has put a big wall in the turnaround because there are much different companies than there were just a few years ago. if things go well, it could be anybody. i think obviously, it is a big choice of this moment in time. ashley: i wanted to talk more about hurricane sandy. on the flipside of this, yes, it hurt sales for the last three days of this month. but one insurance claim paid up those flooded vehicles, and they could see a boost in parcells as a result. >> certa
impact these companies, and the idea that you can be at gm or ford for your entire career, people now realize that's not as clear. and so they're more open to other opportunities. now, some of it there's, obviously, different skill sets. some of it is getting the people that do have that creative, innovative spirit to recognize there is an opportunity with some of the companies developing here. even more importantly is how to you get the folks that left detroit to come back here. i'm sure there's thousands, probably tens of thousands of people who that are born and rad here or went to one of the universities in this area who'd love to come back here but really decided to leave because they felt there wasn't a future. that pool of talent, drawing them back, i think, is also a big opportunity. but it really is all about talent. it's an idea plus capital, as josh said. but the most important ingredient is talent. >> you know, one of the things that's also an important ingredient is training and education. i just don't want this section sort of launching our day to get finished without di
for the autos, but what obama said was not true. it was barack obama who took gm and chrysler through bankruptcy, ok? >> right? second, it was mitt romney who absolutely did provide for loan guarantees to ensure the warranties were backed up. that is what every fact checker who has looked at what obama said said he was wrong, he was not telling the truth. now, this is what is most important to this guy here and the other uaw workers that are here. it is the policies that mitt romney and paul ryan want to put in place that will make the auto industry strong -- [indiscernbile] he wants sensible regulations. he wants tax reform that will ensure we can get the auto companies back on their feet. he wants to make sure that trade is fair. he wants workers trained to work better for them. he wants their energy costs now. that is what will keep energy -- otter jobs here in ohio. that is what mitt romney is going to. balks, we are in the fourth quarter. the score is tied. we're in the red zone. we got the momentum on our side. are we going to be sure that we take mitt romney over the goal line in the next
? is it possible to create gm in your garage now? mark? >> absolutely.utel so some things that people don't necessarily realize today, thea. cost of a computer numerically-controlled milling machine has come down somethinge on the order of 95% primarily because of moore's law. companies are making the software so much easier to use. we are training people how to use these tools in two or threeg class sessions. now, they're not world class mill rights at the end of two oe three sessions, but if you're patrick buckley and you want to do an ipad case and you come in and take three classes, 90 days later you could have, just like he did, a million dollar company. they did $10 million this year. square did the original threeuae prototypes at tech shop on the benches, so they're doing just fine. so the chasm has just gotten much smaller. typically when you do a software start-up, now you need 25, 50, $75,000. well, now you can do a hardware start-up for the same kind ofsa money.me. we've had dozens and dozens andd dozens of crowd-funded projects come through from $10,000 to $100,000 that actual
can be at gm or ford for your entire career, people now realize that's not as clear. and so they're more open to other opportunities. now, some of it there's, obviously, different skill sets. some of it is getting the people that do have that creative, innovative spirit to recognize there is an opportunity with some of the companies developing here. even more importantly is how to you get the folks that left detroit to come back here. i'm sure there's thousands, probably tens of thousands of people who that are born and rad here or went to one of the universities in this area who'd love to come back here but really decided to leave because they felt there wasn't a future. that pool of talent, drawing them back, i think, is also a big opportunity. but it really is all about talent. it's an idea plus capital, as josh said. but the most important ingredient is talent. >> you know, one of the things that's also an important ingredient is training and education. i just don't want this section sort of launching our day to get finished without dimensioning it. and another community that
consider themselves manufacturers. is it possible to great the gm in your garage now? mark? >> absolutely. so some things people don't necessarily realize today. the cost of a computer numberically controlled is come down something on the order of 95%. we are training how to use the classes. they are not world class at the end of the session. if you are patrick buckley and you want to do an ipad case and take three cases, ninety cays later, you could have like he did a million dollar company. they did $3 in the second year. $10 million year. square did the original three prototypes. they are doing fine. it has gotten smaller. typical when you do a software start-up, now you need $75,000. you can do a hardware start-up for the same kind of money. we had doesn't and dozens of crowd-funded project come through from 10,000 to $100,000 that got them through the prototype stage the first run in manufacturing nap is new to the world. you haven't been able to do that for the kind of price points. den nay all kinds of amazing projects on indy go go to my favorite one rented one is the building --
be with gm or ford for your entire career, people realize it is not as clear and they're open to more open opportunities. some of it is getting the people have that innovative spirit to recognize now there is an opportunity with the company is developing here. maybe it is time to jump ship. but more importantly, how do you get the folks who left to try to come back here? i'm sure there are tens of thousands of people born and raised here or who went to one of the universities who would love to come back. they decided to leave. it really is all about talent. it is the idea plus capital, but the most important ingredient is talent. >> the most important agreement is training and education. another community that is of great interest and concern is not only the people working at these great companies but the people who are not working at all. detroit has way too many of them. i'm curious with the processes for the marginalized and here to for disenfranchised population of detroit. a quick comment from you -- what do you think is going to happen and what do you think should happen? >> if the e
off. i just want to see that those bailouts of gm and chrysler benefited nascar because they took all the money the taxpayers gave them and they put it back into nascar because they were still sponsoring it. also, this president does not care about the middle class. we have only had one res on the social security. my mother got a $30 raised, and this is going on for years now. he gets back in we will not get another one. the only reason he gave this one is because of the election. >> host: all right, reid willson. >> guest: with nascar, i will use this opportunity to plug the hot line a little bit if you don't mind. we put up an interesting post last week by two republican named michael shannon and will feltis on the consumer habits and how much they like their sports and which sports the like and how that correlates to the voting data. as you can imagine, nascar is a pretty republican sport but it's interesting to hear that apparently they're getting bailout money. i have not heard that. but check that out. go to hot lineon call.org and see what that says about your politics. >> host
Search Results 0 to 49 of about 50 (some duplicates have been removed)

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